It’s hard to believe that before coming to Georgia Tech, Gleb Yushin had never worked with batteries. Nearly 15 years later, his materials research is enabling space travel, revolutionizing the automotive industry, and contributing to clean, sustainable energy systems.
Gene Berdichevsky, the former battery systems architect for the Tesla Roadster and now founder and chief executive of Sila Nanotechnologies Inc., an Alameda, Calif.-based company working to improve battery technology, said lowering the cost of storage to $50 per kilowatt-hour could be worth half a trillion dollars. “There’s going to be an immense amount of scientific ingenuity applied to it,” he said.
Sila Nanotechnologies, a Silicon Valley startup, is among the latest to attract Wall Street backing as supply-chain investors see enthusiasm for electric vehicles
The next-generation battery pioneer will begin development of a new 100 GWh plant to serve automotive customers
Sila Nano plans to use the funds to hire another 100 people this year and begin to buildout a factory in North America capable of producing 100 gigawatt-hours of silicon-based anode material, which is used in batteries for the smartphone and automotive industries
Sila Nanotechnologies, a Silicon Valley battery materials company cofounded and led by a former Tesla engineer, raised an additional $590 million for the production of its silicon-based anodes that improve the efficiency of batteries for electric vehicles and consumer electronics.
The factory, which will be somewhere in North America, will be a 100 gigawatt-hour plant (that’s large) that will make its silicon materials for electric vehicle batteries, with the goal to start factory production in 2024. The idea is for Sila Nano’s tech to be used in EVs in 2025, and presumably first with automaker partners such as Daimler and BMW Group. The company plans to also use the funds to hire 100 more employees this year, many of them engineers and researchers to work on R&D.